Proofpoint, Inc. (PFPT) EVP David Knight Sells 3,000 Shares
Proofpoint, Inc. (NASDAQ:PFPT) EVP David Knight sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $91.19, for a total value of $273,570.00. Following the sale, the executive vice president now owns 16,874 shares in the company, valued at approximately $1,538,740.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
David Knight also recently made the following trade(s):
- On Wednesday, August 23rd, David Knight sold 3,000 shares of Proofpoint stock. The shares were sold at an average price of $90.76, for a total value of $272,280.00.
- On Tuesday, July 11th, David Knight sold 3,000 shares of Proofpoint stock. The shares were sold at an average price of $84.54, for a total value of $253,620.00.
Shares of Proofpoint, Inc. (NASDAQ PFPT) traded up 0.31% during trading on Friday, reaching $90.72. The company had a trading volume of 123,545 shares. Proofpoint, Inc. has a 12-month low of $68.04 and a 12-month high of $97.00. The firm has a 50-day moving average of $89.14 and a 200-day moving average of $84.21. The company’s market cap is $4.03 billion.
Proofpoint (NASDAQ:PFPT) last posted its earnings results on Thursday, July 27th. The software maker reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.05. Proofpoint had a negative net margin of 20.96% and a negative return on equity of 140.24%. The company had revenue of $122.30 million during the quarter, compared to analysts’ expectations of $119.58 million. During the same quarter in the previous year, the company posted $0.06 earnings per share. Proofpoint’s quarterly revenue was up 36.0% compared to the same quarter last year. On average, equities research analysts anticipate that Proofpoint, Inc. will post $0.65 EPS for the current year.
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Large investors have recently bought and sold shares of the company. D.A. Davidson & CO. raised its stake in shares of Proofpoint by 57.9% in the second quarter. D.A. Davidson & CO. now owns 1,175 shares of the software maker’s stock valued at $102,000 after acquiring an additional 431 shares during the last quarter. Fortaleza Asset Management Inc. raised its stake in shares of Proofpoint by 22.4% in the second quarter. Fortaleza Asset Management Inc. now owns 1,696 shares of the software maker’s stock valued at $147,000 after acquiring an additional 310 shares during the last quarter. Creative Planning raised its stake in shares of Proofpoint by 7.4% in the second quarter. Creative Planning now owns 2,232 shares of the software maker’s stock valued at $194,000 after acquiring an additional 154 shares during the last quarter. Legato Capital Management LLC bought a new position in shares of Proofpoint in the second quarter valued at approximately $204,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in shares of Proofpoint in the second quarter valued at approximately $215,000.
PFPT has been the topic of several research reports. Northland Securities restated a “buy” rating and set a $100.00 price objective on shares of Proofpoint in a research note on Friday, June 30th. Stifel Nicolaus restated a “buy” rating on shares of Proofpoint in a research note on Friday, June 23rd. Evercore ISI set a $105.00 price objective on Proofpoint and gave the company a “buy” rating in a research note on Friday, July 28th. Needham & Company LLC initiated coverage on Proofpoint in a research note on Friday, July 21st. They set a “buy” rating and a $115.00 price objective on the stock. Finally, Piper Jaffray Companies set a $100.00 price objective on Proofpoint and gave the company a “buy” rating in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-one have issued a buy rating to the company. Proofpoint currently has a consensus rating of “Buy” and an average price target of $98.91.
Proofpoint, Inc is a security-as-a-service provider that enables large and mid-sized organizations to defend, protect, archive and govern their sensitive data. The Company’s security-as-a-service platform consists of an integrated suite of on-demand data protection solutions, including threat protection, incident response, regulatory compliance, archiving, governance, eDiscovery and secure communication.
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